Ind. Code § 28-6.1-7-8

Current through P.L. 171-2024
Section 28-6.1-7-8 - Purchasing and constructing buildings to be leased to public authorities
(a) A savings bank may purchase or construct buildings and hold legal title to a building to be leased to a municipal corporation or other public authority, for public purposes, having resources sufficient to make payment of all rentals as the payments become due.
(b) A lease agreement shall provide that upon expiration, the lessee will become the owner of the building.

IC 28-6.1-7-8

As added by P.L. 42-1993, SEC.72.